Sat, 19 May 2012
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There are four types of pensions available: old-age pension, early retirement, survivor’s and invalidity pension.Old-age
The first is old-age pension, granted when a person retires. The legal retirement age is 65 (+ 120 months obligatory or voluntary insurance).
Early retirement
However, a pension for early retirement is also available. The beneficiary can retire at the age of 60 if proof can be supplied that obligatory or voluntary or similar insurance has been paid for 480 months (of which at least 120 months must be obligatory or voluntary), or at the age of 57 if the beneficiary can prove that obligatory insurance has been paid for 480 months.
Survivor’s
The third is the survivor’s pension. This can be paid to the surviving spouse (widow or widower) or the divorced spouse. It can also be paid to the children of the beneficiary and possibly to the surviving spouse if married to the deceased for at least one year, unless a child is born from this union or the death is accidental. Lastly, if the beneficiary dies without leaving a surviving spouse, then the pension is paid to direct blood relatives and direct relatives by marriage and to collateral blood relatives up to the second degree.
Invalidity
The last pension is the invalidity pension. A beneficiary is considered invalid if ‘following prolonged sickness, infirmity or exhaustion s/he is incapable of exercising the occupation s/he followed most recently or of exercising any other occupation corresponding to his/her strengths and aptitudes’. To receive an invalidity pension, the beneficiary must provide evidence that s/he has paid 12 months insurance over the three years prior to the date on which invalidity was certified during the medical examination performed by the social security body, or on which sickness benefit expired. It is not necessary to be insured when the invalidity occurred.
Terms (French - German)
Pension: pension - rente
Old-age pension: pension de vieillesse - Altersrente
Early retirement: la retraite aniticipée - Vorzeitiger Ruhestand
Survivor’s pension: pension de survivant - Hinterbliebenenrente
Invalidity pension: pension d’invalidité - Invaliditätsrente
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